May 10, 2017

Wyden Announces Hold On Treasury Nominee Until Administration Produces Documents on Russian Dealings With Trump Associates

Washington, D.C. – Senator Ron Wyden, D-Ore., today placed a hold on the nomination of Sigal Mandelker to be Under Secretary of the Treasury for Terrorism and Financial Intelligence. Wyden said he will maintain that hold until the Treasury Department provides the Senate Intelligence Committee and Senate Finance Committee information and documents related to Russia and its financial dealings with President Trump and his associates.  On Tuesday, May 9, Senate Intelligence Committee Vice Chairman Mark Warner announced that the Committee had made a request to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

“I have stated repeatedly that we have to follow the money if we are going to get to the bottom of how Russia has attacked our democracy,” Wyden said. “That means thoroughly review any information that relates to financial connections between Russia and President Trump and his associates, whether direct or laundered through hidden or illicit transactions.  The office which Ms. Mandelker has been nominated to head is responsible for much of this information.”

Wyden is the ranking member on the Senate Finance Committee, which oversees much of the Treasury Department.   The Office of Terrorism and Financial Intelligence marshals the Treasury Department’s intelligence and enforcement functions to combat financial crimes and threats, including money laundering.  Senator Warner has stated that he is withholding his support for Ms. Mandelker until the documents requested by the Intelligence Committee have been provided.